Shares of Rock Tech Lithium Inc. (OTCMKTS:RCKTF – Get Free Report) dropped 6.7% on Friday. The company traded as low as C$0.44 and last traded at C$0.44. Approximately 117 shares changed hands during trading, a decline of 96% from the average daily volume of 2,811 shares. The stock had previously closed at C$0.47.
Rock Tech Lithium Stock Down 6.7%
The business has a fifty day moving average price of C$0.46 and a two-hundred day moving average price of C$0.59.
Rock Tech Lithium Company Profile
Rock Tech Lithium Inc is a Canadian company focused on developing lithium products for the electric-vehicle and energy-storage supply chains. Its business strategy links hard-rock lithium resources with conversion facilities that can produce battery-grade lithium hydroxide.
The company is advancing the Georgia Lake lithium project in Ontario, Canada, which is intended to provide spodumene concentrate, a lithium-bearing mineral. Rock Tech is also developing a lithium hydroxide converter in Guben, Germany, designed to process concentrate into material for battery manufacturers.
Through these projects, Rock Tech aims to build a regional supply chain for lithium products in Europe and North America.
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